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from both the government and the opposition, the united states is taking the next up in normalizing our commercial relationship. >> the national football league has reached an agreement to end a labor dispute with the referees. the nfl rushed to make the deal after a botched call by replacement officials decided the outcome of a nationally televised game monday night, prompting widespread outrage from fans, journalists, and the teams. you can go to democracynow.org to see our interview with sportswriter dave zirin. in sweden, the 2012 right livelihood awards have been announced to four recipients. turkish environmental activist hayrettin karaca "for a lifetime of tireless advocacy and support for the protection and stewardship of our natural world." afghan women's activist -- a u.s. scholar gene sharp -- and to britain's campaign against arms trade -- handed out annually, the right glove awards are widely known as the alternative nobel prize. those are some of the headlines. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. we begin our show with a l
are reaction to a little-known amateur movie produced in the united states which ridiculed the prophet mohammed. it gained attention because an obscure florida pastor began promoting it, the same man who triggered deadly riots in afghanistan when he threatened to burn the koran. we want to go straight to cairo where we find nbc chief foreign correspondent, richard engel. richard, fill us in a little more this morning. >> reporter: good morning. a libyan source has told nbc news that the u.s. ambassador who was visiting the consulate was killed along with three others. not sure of the nationality of those three others. the u.s. state department has not confirmed this, but this has been told to us by a senior security source in libya. we've been also told that the libyan prime minister and the libyan president will both be speaking today about this subject, offering their condolences to the united states and to the family of the fallen ambassador. and this is according to the report. we were told that when gunmen and a mob stormed the consulate building, they first attacked it with rpgs, then the
the united states. you must be tired. you sit, i'll talk. you listen. and so i did. then he said this. and he repeated it again and again. where is american leadership? we need american leadership. where is american leadership? then he'd talk about a region of the world and what was happening in that region. then he'd say where is american leadership? then he'd go to another region and talk about the challenges there. where is american leadership? the world has always looked to us as the shining city on the hill. that light looks dimmer. we keep kicking the challenges down the road and hope someone else will deal with it. that time is now ours. this is the greatest generation that left us this nation so prosperous and so free. now it's our turn. they've held the torch alost for the whole world to see. a torch of freedom, opportunity and hope. they're getting fewer and further between, the greatest generation. they can't hold it quite as high as they used to. it's our turn to grab the torch. when i became president -- [ cheers and applause ] -- we're going to do what we have to do, we're going
, president of the united states of america. >> mr. president, mr. secretary general, fellow delegates, ladies and gentleman, i would like to begin today by telling you about an american named chris stevens. chris was born in a town called grass valley, california, the son of a lawyer and a musician. as a young man, chris joined the peace corps, and taught english in morocco. and he came to love and respect the people of north africa and the middle east. he would carry that commitment throughout his life. as a diplomat, he worked from egypt to syria, from saudi arabia to libya. he was known for walking the streets of the cities where he worked -- tasting the local food, meeting as many people as he could, speaking arabic, listening with a broad smile. chris went to benghazi in the early days of the libyan revolution, arriving on a cargo ship. as america's representative, he helped the libyan people as they coped with violent conflict, cared for the wounded, and crafted a vision for the future in which the rights of all libyans would be respected. and after the revolution, he supported the birt
'll hear the president strongly defend one of the united states' deadliest and most effective weapons against would-be terrorists. and in a cnn exclusive, the brother of al qaeda's top leader now says there is a way to reconciliation and peace. i'm wolf blitzer. you're in "the situation room"." >>> all that coming up. we begin with a very public and new escalation of some tension between president obama and prime minister benjamin netanyahu. israeli sources tell me the white house at least for now has rejected prime minister netanyahu's request to meet with him later this month to discuss iran's nuclear program. the israelis were told a meeting isn't possible because of the president's schedule, schedule won't permit it even when they offer to have the prime minister come to washington from new york where he'll be addressing the united nations. the white house is pushing back saying the president and prime minister simply won't be in new york at the same time this month to address the u.n. but this is just the tip of the icebe iceberg. in a much bigger disagreement right now over iran
a violent protests. an agreement was reached with lonmin earlier this week. the united states says that china has apologized for allowing a group of protesters to vandalize the u.s. ambassador's car. it was pelted with objects and flag was damaged. beijing says it is investigating the incident. while a video continues to fuel protest, one of the actors it is filminsuing the film maker for . she says she was told she was appearing in and adventure film based in egypt. to what is believed to be the case of a u.k. soldier giving birth to a baby on the frontline. she gave birth just days after the area came under attack from the taliban. it was a bit of a surprise because she did not know she was pregnant. >> the soldier from the royal artillery has been serving in afghanistan since march. two days ago, she complained of severe stomach pains. her son was delivered safely at the field hospital. he was born prematurely during the 34th week of her pregnancy. the specialist pediatric team from the hospital will now travel to camp to help provide care to the soldier and her baby on their fl
for this is the books are conceived as a history of the united states sort of as told through biographies and i was looking for a woman subject for one of these and in fact i found one but my publisher wouldn't let me do it. can you guess what woman i was looking for and found? eleanor roosevelt. i mean, just the fact that it's a very short list of women who played a large role in american public life on whom i can hang a tale of four or five decades of american history. women have had of course their roles in private life but it is in the nature of private life it usually doesn't survive in the historical record. why did people start saving the letters of eleanor roosevelt? because she was important. do your correspondence save your letters that you write to them and then do they deposit them in the local historical society? well, maybe, and if they do you will become, can i use my words adviseably, here, you will become literally immortal. you will become immortal in letters because future historians will find those letters. they will say ah, that is what life was like at the beginning of the
in vermont. of course, the company's first set up. and we still make 70% of our products in the united states. cheryl: and you've been there for 25 years, we should mention to our viewers, you yourself have been with this company for 25 years. one of the most impressive things, i think s you've been able to keep 70% of your manufacturing in the united states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're shipping from the united states to china. in furniture which is, you know, not made by robots. we still have a lot of labor even though we have a lot of, lot of technology that we've introduced. so i think it's a question of quality, it's a question of craftmanshi
and iran is able to defend itself. look for delegations like the united states to walk out once again as soon as he starts criticizing israel. bill: there were stunning comments from pakistan's president last night. what was spoken there, jonathan? >> reporter: this is pretty extraordinary, bill. it reported on fox report but appeared to slip under the radar for a lot of media outlets because it was one of the final speeches of the day. just hours after president obama at the same podium called for tolerance and called for leaders of the muslim world to outright condemn the violence against u.s. interests that we've seen over the past couple of weeks, the pakistani president walked up to that podium, failed utterly to issue any strong condemnation of the protest, instead called on the united nations to lead a charge to make illegal for anyone, anywhere including here in the united states, to insult the prophet muhammad. listen to this. >> you can never condone violence. the international community must not become silent observer and should criminalize such attacks that destroy the pea
with the film made in the u.s. that ridicules the prophet muhammad. >> i have made it clear that the united states government had nothing to do with this video. it is an insult not only to muslims but to america as well. that i witnessed after nearly four years as president, that i remain ever hopeful about the world that we live in. the war in iraq is over. american troops have come home. al qaeda has been weakened. and osama bin laden is no more. >> obama took the podium six weeks before the u.s. presidential election. he spent much of his time defending his record on foreign policy. >>> a british territory trying to highlight the suffering of children in syria's civil war. save the children says the violence is causing psychological damage. the charity released a video report to coincide with the start of the general assembly meeting. a spokesperson says many children have seen family members killed. the trauma made boys and girls overaggressive. some are injuring themselves. the spokesperson says children are being caught in the firing line. he says a school in the capital, damascus was
've been talking this week about red lines that he doesn't want iran to cross before the united states would be involved in military action. i think he's going to lay out what his red lines are and to say to the world, listen, this is a crisis that the whole world has to deal with. i think this is seen as his final warning that if we done see movement on this issue, israel will have to act. >> i want to talk about the iranian president. i'll let you first eat a little crow. you made a prediction that was wrong. >> i thought -- i said yesterday on this show that i thought ahmadinejad would kind of go for broke, kamikaze in his last u.n. general assembly. instead, he talked about, you know, this new world order that he sees when the world powers would have less influence. but he wasn't as fiery. he didn't mention israel by name. i think a lot of people were surprised. in the statements he was saying leading up to this appearance he was much more fiery. i think in addition to ban ki-moon, the u.n. secretary general asking him to tone it down, i think maybe the supreme leader in iran said
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
the day that the president was on the phone with netanyahu who is in the united states instead of meeting him in person. a white house statement said they are in full agreement of a shared goal to prevent iran obtaining a nuclear weapon, it stopped short of agreal to the red line that he demanded thursday. >> where should a red line be drawn? right here. before, before iran completes a second stage of nuclear enrichment. >> romney pressured the president scheduling his own call today with netanyahu. >> the national security threat is iran with nuclear capability. we spoke about the assessment of where the red line ought to be drawn. >> romney took the opening to hamer a president who has seen drop on foreign policy. the problem is bigger on the questioning of the handling of libya with 39% of the public approving, 43% disapproving and 17% unsure. >> i'm supposed to be eye candy here. >> this week started with the president keeping an -- taping ed soap of "the view" instead of holding meetings with the world leaders in the u.n. >> top democrats today defended the president noting it's impo
is the only place in the united states that this has happened. but wars have often been an occasion for unity, for cohesion. you know, we are all in this together. we've all got to win this together, so we've got to put our more parochial interests aside and pulled together to win whatever word might be. but at the same time new york is a great magnet for immigrants from around the world, from its very earliest days in the 1620s onward, has been a place for discrete, separate populations of newcomers have often brought their own political cultures, the room loyalties and allegiances their ethnic and natural visages cultures and have ended up jostling each other. and especially at times of war come of this has the case in the year, sometimes the tragic consequences. i'm going to start by showing you these images, starting with the civil war. and again, the book starts well before that, but this is where we're starting tonight. so this is april of 1861 after the confederacy fired on fort sumter in the civil war began.
and describe why i think i'm the person that will become the next president of the united states and how my policies will make life better for american families. >> reporter: romney has had trouble getting that message across. the obama campaign is far outspending him in advertising and swing states and the media conservatives say is bias against them and in our interview romney declined to take what would be an easy shot. >> do you think the mainstream media is in the tank for president obama? >> we have free press and they're able to provide their perspectives based on their beliefs. there are people more on my camp and a lot of people more on his camp and i don't worry about that. >> reporter: campaigning wednesday in ohio, president obama had no trouble being critical of his opponent and evening converting a verbal misstep to an attack on romney. >> i want to see us export more jobs -- export more products, excuse me. i was i was channeling my opponent there for a second. >> reporter: now the president is out with another new ad today and it looks almost like he's trying to one-up romne
's effort. jon: what do they get out of it? is it iranian oil, is it tweaking the united states? >> reporter: it's both of those but they are acting in their own interest. as every nation should. we sometimes apologize for acting in our best interests. but russia and china view it as important to their agenda to block the sanctions in a meaningful way. jon: president obama said he would do whatever it takes to keep iran from gaining a nuclear weapon. will we? >> not under his administration, that is for sure. he's been saying this all openings are on the table for three and a half years and it just has no credibility at this point. the israelis don't believe him, the iranians don't believe him, the russians and the chinese don't believe him. that's why i believe ahmadinejad comes from a place of confidence because his overall stra teak eupblstrategic objectives can be well undertaken. the u.s. issued a statement this morning they weren't attending because it's yom kippur a hole who hwho he lee faith for the jewish faith. i think the u.s. delegation should have walked out on monday when mahm
illegal even here in the united states. in other words, the president of pakistan, one of our supposed allies, is calling for the united nations to enact international law that would trump the u.s. constitution. jon? jon: what a world. jonathan hunt, thanks. arthel: the road to victory in 2012 winding through ohio and the push for votes in this key swing state is kicking into high gear. president obama campaigning in ohio today less than a week before early voting gets underway. he'll be holding campus rallies at bowling green state university and kent state this afternoon hoping to drum up support among young voters. the republican campaign is crisscrossing the state on a three-day bus tour. governor romney today blasting the president's foreign policy and his handling of the economy. >> with incomes going down, every year going down, down, down, and prices of electricity up and health insurance up and the cost of gasoline having doubled, these are tough times even for families with jobs. i know what it takes to get this economy going again. i care about the people of america, and the
of the united states? which is that this country has become ungovernable. its politics are poisonous. miami dade colleges the biggest in the nation. 175,000 students. all of them called on the streets in this massive voter registration drive which comes at the end of months of court battles over access. what i need you need? how far in advance can you do it? poorer voters are less likely to get to the polls on time. folks think florida republicans are fighting dirty. >> the efforts have come from republicans. in essence, you have the fact of suppressing the vote. >> that is what you see the purpose is? >> exactly. >> that is a fundamental issue at the heart of american democracy. if you think people are trying to stop their opponent's voting. >> extremely self. especially when the people that are registered to vote are with a red -- organization like ours. they are normally minorities. by stopping third party organizations from registering, you're stopping minorities from registering. >> on the other side of the fence, they seem equally bitter. the conservative talk radio station caters to an au
.3% in the second quarter. the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that target china as a trade cheater are aimed at voters in northern ohio and around the great lakes where the auto workers are, but obama has been running his own ads hitting china, so i think they kind of neutralize one another. we had a report this morning that durable goods orders have dropped the most since january 09. orders for motor vehicles and motor vehicle parts dropped 11% in august. whatever obama did to bail out the auto industry, those people working in the industries in the northern ohio are the ones affected by a figure like that. and i don't quite understand why romney isn't goin
are not listing seeing this in the united states, but around the world. reporter: that interview served up a softball to republican vice presidential nominee paul ryan. >> for years and her presidency and incomplete? the president is asking people to be patient with them. >> white house officials insist it is not due because the president has previously graded himself with and incomplete. that is true. they are not mentioning just one year into his presidency, he deserved a solid a+ and adding that passing health care made him deserve it least a a- >> i give him an a for effort. i give him an a for making sure that americans are better off today than they were four years ago. i do believe that we need four more years. reporter: a majority of the electorate seems to disagree and may be looking for results rather than effort, with unemployment at a .3%, and gas prices now close to $4 per gallon and the national debt costing $16 trillion. when asked by the newspaper, the hill, whether the president deserves a second term, 60% said no and 40% said yes. the president made clear today that the l
percentage of its revenues come from outside the united states and this is a smaller market cap as a spinoff so it was a logical replacement. >> i will see you first, don't buy united health. there's very little money. my hands are different color from my face. what does that mean? there's makeup. >> the dow jones industrial average, the price pointed index which should have absolutely no meaning but they have to keep doing it that way because that's the way they started. everybody follows the s&p but we talk about the dow jones because that's what you hear about on the radio. >> this is the opportunity for the dow to go higher. kraft very levered to commodity costs. particularly we know that the big inflationary trend is food. okay? and they're a huge buyer of all of these commodities. united health, very little commodity costs so you get kind of an inflation break that deals with ben's pro-inflation strategy yesterday. >> this is the first change to the dow jones industrial average since 2009. just to your point that nobody follows the dow jones industrial average, how much money is actual
're quite anxious to find a partner in the united states to roll it through america. talk me through that, if you would. >> this is a start in one of our hotels as a food and beverage outlet in t2000. people kept asking me who owns the franchise nor the noodle house, we want one in our place. i said, we own the franchise. so we started to put a whole franchise and team together on what i hope will be, and i think we have achieved it on a very professional basis. and when then we started to franchise in other units. we started with six units we own and operate in dubai. now we are operating 20 across the world. we actually have 123 signed up in our pipeline. and we would very much like to be in the united states. we have had discussions, serious discussions about taking the name out there on a franchise basis. so it just really grew out of one of the -- as a restaurant outfit in one of the hotels. >> let me ask you finally, you're a member of the hotel industry and you sit on one of the boards, and it is an industry finding its voice saying, we are and saying, look, we are jobs, we are gro
the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ >>> "squawk box" keeping our eyes on the prize, its eight a "squawk" oil summit. the smartest minds in the industry. >>> safeguarding your online reputation. the founde
, the united states has been a nation that respects all faiths. we reject all efforts to degenerate the religious beliefs of others. >> the united states government had absolutely nothing to do with this video. we absolutely reject its content and message. america's commitment to religious tolerance goes back to the very beginning of our nation. >> reporter: elsewhere in iran, a cleric upped the bounty of the killing of the author of a book that sparked global protest after the late leader called it islam. >> yes, it's a stupid film. the correct response is to say it's a stupid film on youtube and get on with your life. to take it and deliberately use it to inflame your troops is a political act. it's not about religion. >> reporter: when asked why the pakistani government called for a national holiday today, many ways inviting protesters on the street, they told cnn they had to address public sentiment. i think it's already a decision that's been criticized by many. >> thank you. >>> the state department fending off accusations this morning that it failed to secure the u.s. consula
. of course, obama's speech comes at a time when the united states is facing a very difficult situation in the middle east. we saw the ongoing protests, and of course, anti-u.s. sentiment is at relatively high in terms of its historical sort of context. but again, peace is hard is what obama made very clear in his speech. a warning shot to the remaining dictators in the region. also saying that countries like bahrain, which is a neighbor to saudi arabia, the world's top oil exporter, that the reform needs to happen there as well. what a lot of observers were hoping for is that there would be more of a focus on syria and iran. president obama spent quite a bit of his speech talk about the palestinian-israeli conflict and the tensions there. but when it comes to syria, he said the united nations need to act on that front. the united states is not going to just stand by. they have to overcome the pretty much resistance from other countries like russia and china in the united nations security council. but when it comes to iran, united states making it clear that they will do what they must,
, it's still actually quite sticky in the united states. badly there needs to be a dose of fiscal consolidation. we would say it's going to be 1.5% of gdp. in the eurozone it's -- if the uk it's 1.25. >> good to see you today. thanks for joining us. >>> german chancellor angela merkel is preparing for yet another meeting today -- >> how is she doing? >> it's one after another after another. she is set to hold talks with herman von rompuy. she's been having down time and having a few beers at a german beer festival. >> this is how she does it. >> the german chancellor did get on stage and called on germany to have solidarity. >> is she on the stage? there she is. i wonder if she would have a sash and flowers. she looks quite happy. >> she just wants the beer. >> is that post the beer? she looks like she's enjoying herself. >> love it. >> where do we go on the road to the beer festival? >> oktoberfest. >>> still to come, president obama is set to make his pitch for four more years in the white house as the democratic convention kicks off. could the real focus be on friday's jobs rep
but also in the united states. the global issue has been a subject john has been involved, the ceo of eli lilly. nice to see you. let's see this issue of leadership. clerly the onus with central banks doing as much as they can in terms of turning around the global economy. the emphasis is very much on a political class in europe that is fighting its own corners, and in a clearly divided political class in the united states. can't we achieve this sort of leadership the world needs economically? >> we're in a tough situations that's been years in the making and i think it will be years to work our way out of it. there's an old saying as elected democracies we get the leaders we deserve. different views on our leaders reflect a certain divisiveness on leaders. some of the comment i made here yesterday of the position i would take, and i think we should be looking toward from the perspective of anyone who runs a company is leadership that takes a long-term view when temptations are otherwise to deal only with the short term. and leadership insofar as possible in this time of turbulence can pr
remained the same though. the united states saying that it is not drawing any red lines. secretary clinton saying we are not setting any deadline. she also said the sanctions seem to be having an effect. martha, again worth noting, one israeli official speaking in jerusalem is fearful that the iranians may take some comfort in the u.s. position and may use the u.s. position to buy more time, possibly to build a nuclear bomb. martha? martha: that is troublesome. also syria, of course is such a part of this whole die namic. that is on the agenda at the u.n. what do we expect there? >> reporter: that's right. there will be a meeting today sort of on the sidelines of the general assembly. it will be hosted by secretary of state hillary clinton. it is a meeting of the friends of syria. it will be attended by ministers of some 20 countries. the purpose of this meeting essentially to show support for the syrian opposition and to address the humanitarian concerns. the risch shan foreign minister is going to speak today. likely he will talk about syria. the russian foreign minister said yesterday r
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
been made of their failure to invest and promote the pepsi brand for soda within the united states. how relevant now is the home market for investors when, for example, coke is suggesting they will invest $30 billion over the next two or three years with the bot lers to double consumption around the world? >> it's a great question. so there's been a terrific change of heart at pepsi. this year about $600 million of advertising spending behind the businesses, the bulk of that is going to happen in north america. you probably just saw they sign add deal with the nfl. clearly they feel the pressure and want to start growing some of their businesses here at home again. >> and how does that compare to mao tau kent and the mass everybody bottlers worldwide. >> remember, coke bought their bottle in the u.s. so they have a lot more skin in the game. the good die naming here on the beverage side is guys are kind of getting along and playing nicely for the first time in a while. i think they want to make more money. they're cognizant of the economic. they're making the pack sizes smaller and lift
their friends in southern europe and indeed the economy here in the united states. michelle caruso-cabrera will talk about some of the bad pigs in a minute, but first senior economics reporter steve liesman with the story of some vindicated doves. >> because the new game is called "bad piggies." that's where we're coming from. >> and we're only doing this because the producer jason gawertz made us do this. he said could we think of an app that would apply with today's data and i did. it's called vindicated doves. at least initially here, why is that? because essentially the economic data came in weak. let me show you what the economic data showed. the numbers come in you're looking for 5.6% positive -- or negative. you get minus 13.2 off a prior 3.27%. i think the dove says i don't care i had this one right. gdp took .4 off the prior print right there. midwest manufacturing down negative. p and pending home sales much changed from the prior month from positive to negative. take a look at some of the comments here. vindicated doves. anyone facing doubt about the need forred 23ed's r
as well as in the united states. >> markets saying these figures point to eurozone contraction of 0.5% in qe. what's your outlook? >> it's in line with our numbers. we think for the full year the eurozone contracts at 0.4% rate, so not far off what you suggested and that seems to be consistent with the underlying data coming in. no real revisions just yet but we'll watch and wait. >> what about 2013, is that a year -- 2012 we see europe broadly contracting. what about 2013? >> a lot hinges on the global environment. hinges on whether the u.s. can slowly grow and maybe grow a bit faster. whether china can begin to pick up steam. external stories can be critical for europe. >> larry will stay with us. let's check in and check out market reaction. >> one hour into european trading session. 73 declining outpacers. ftse 100 down 1.5% yesterday. down 0.5%. dragged yesterday by u.s. disappointing. the xet ra dax down 0.3%. ibex down after a good rise in july. keep your eye on bond rates. yesterday we had a nice rally in spain on two-year. ten-year, 6.62%. that's slightly higher on the sess
and paychecks as they the chaos flares there, find out what lessons we the united states could learn from this. a . but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. his morning starts with arthritis pain. and two pills. afternoon's overhaul starts with more pain. more pills. triple checking hydraulics. the evening brings more pain. so, back to more pills. almost done, when... hang on. stan's doctor recommended aleve. it can keep pain away all day with fewer pills than tylenol. this is rudy. who switched to aleve. and two pills for a day free of pain. ♪ [ female announcer ] and try aleve for relief from tough headaches. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. an
in france, germany, the uk and the bae largest customer, the united states. so where do we go from here? katherine boyle joins us, she's been writing about this online. a very good morning to you. let's talk about the impediments to something getting done. which is the biggest one in your opinion? >> well, i don't think you're going to see much political interference actually because i've heard from sources that in fact the main government evolved in the european side have all been consulted off the record and have given the nod. of course that didn't mean that there aren't other governments that could cause some trouble. as you mentioned, be have boeing, but we also have lockheed martin and northrup who are even bigger players in the defense market. >> and it raises the question is it a bigger deal for civilian air space market or defense. and obviously it's defense. >> the u.s. defense market which is still the world's biggest by several multiples. and why there's been a lot of noise about saudi arabia and china and other countries which are sort of bunch onin burgeoni. >> they need t
framework in the united states. we look at the fed. one of the greatest threats to the u.s. and the capitalism really is academics and bureaucrats that really run our entire regulatory framework in the u.s. and they run the federal reserve. we need risk it takers. people that have actually taken risk to be in the regulatory framework. if you look at the crash of 2008, who is making all the decisions? it was hank paulson, someone from wall street. and we have a situation all these years later where if you look at the fdic, the futures trading commission, the regulatory infrastructure doesn't have approach risk takers. and that's a big threat. >> it sounds like you think the fed are taking risks. >> i've been behind the scenes taking to hedge fund managers. these are complete experimental drugs, they don't have an exit strategy. they want to make us feel good with academic contrived jargon, but this is a massive experiment. and what i'm worried about, think about in the united states we have a trillion dollars in pensions. they're underfundeded compared to '08. that's a pro
are basically mandated with the task of a medium to long-term sort of united states of europe kind of plan which involves fiscal, more fiscal union and political union and most interestingly i detect more and more some sort of thoughts about more parliamentary responsibility, so therefore a bit more accountability and democracy so he knew all of that before he said what he said six weeks ago and he certainly knew that he'd gotten merkel behind him in my view. >> george soros has an op. ed piece, he says germany needs to lead or leave and if a germany were to leave, the euro would depreciate, the debt burden remain the same in nominal terms and debtor companies would regain their competitiveness and the value of their real estate would also appreciate in nominal terms. do you buy that? >> i can't resist in teasing him a bit. he must be dabbling around in mantis united shares going to his head. without germany there is no euro. the idea germany leaves and the rest carry on is a non-starter. i don't understand why someone like george is saying that. >> i want to see his book, whenever he says anyth
you cannot get any yield. everyone is chasing yield. you can't get it from the united states government. they'll pay you nothing. people are going say, wait a minute, now i have to pay 36% and i have risk in the marketplace. these are a lot of big issues. >> i know you meant governor romney. >> let me apologize. >> do you think we go to the election and are in standstill mode until then? once we get the clarity of who's in the white house, what's your expectation? >> i do. i don't anticipate a lot. i know people are talking about that we'll see more in the early parts of november because of the different things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they
for president of the united states. >> reporter: still you couldn't help but think, what a difference four years have made. so much grayer now. the toll the presidency takes. the youthful aura that clung to barack obama in 2008 has been burned away by the searing pressures of power. he spoke tonight a man of hard and bitter experience. a survivor. >> i recognize that times have changed since i first spoke to this convention. >> reporter: that's why vice president joe biden went all out, too. >> we can now proudly say what we have heard me say the last six months. osama bin laden is dead, and general motors is alive! >> reporter: the president did something else. he addressed directly the frustrated hopes and mixed feelings about his leadership out across the country. >> now i won't pretend the path i'm offering is quick or easy. >> reporter: this was really the president's biggest challenge, the biggest challenge in his campaign. to overcome the disappointments and doubts among so many americans who voted for him in 2008. and give them hope again. >> everyone did expect hope and change. and they
by examining 113 indicators from official data sources and polling 15,000 executives. united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story. we've been trying to follow the twists and turns. the fbi now says there is no evidence to support claims that hacking group anonymous infiltrated an fbi agent's laptop and lifted data for more than 12 million apple products. however the front page of "the financial times" lays it out and says hackers embarrass apple with this data release. there were over a million different devices, numbers were published online. this is a story that has many odd twists. the hackers said they would not give any interviews about this breach unt
bag. i mean, the math is done a little bit differently in the united states, you having done a ph.d. at harvard. they are taking care of the problem, aren't they? they are in the process? >> well, they are talking about it. i don't think they are doing any meaningful things, because in the u.s. political system, you really have to have the president, the white house, and the congress working together. and currently, the two parties are not even talking the same language oftentimes. so i do hope whatever the outcome of the presidential election in the u.s., the two parties, the administration and the parliament, the congress should work together. >> yeah, their philosophies are farther apart than ever. it's two different americas. what are you saying then? you're saying with the prospect of still a possible qe3, that a serious debasement of the dollar devaluation -- almost like a deliberate devaluation of the dollar is going to enter the conversation here? is that what you're alluding to? >> no. what i'm saying is the u.s. financial crisis is a monumental, historical event. the con
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